I am a person who is registered under gst i purchase second hand cars and sell them explain GST implications for me.
Hero hiralal Asked question November 7, 2020
In case you purchase cars from individuals, no GST will be charged thereon. However when you sell GST will be payable. Though you can avail benefit of Rule 32(5) of the CGST Rules wherein GST will apply on difference between selling price and purchase price , in case no input tax credit has been availed.
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Frah Saeed Changed status to publish November 13, 2020